The Internal Revenue Service likes to add to the quantity you owe, and will stop at nothing to collect that money on interest charges and additional penalties.

They are the greatest collection agency in the world, and we steadfastly believe that no one should have to face them by themselves again.

For most of US, having a government agency that is massive always harassing them with revenue officers and letters, notices is a horrifying thought.

That is why our Grand Island team is here to help you. You no longer have to manage the Internal Revenue Service by yourself, and certainly will have someone in your corner.

With just 15 minutes on the telephone with our pros, you’ll learn precisely what you’ll qualify for, and what to do next.

Give our Nebraska team a call today!

By having the fees and interest costs removed, you can lower your tax debt by 50% immediately just

Once the IRS hit on you or your firm with a tax bill, it generally appends penalties and interest costs. These additional costs may be awful such that an old tax bill could have double in penalties and interest pinned onto it. Some fees, like late payments, they can be included automatically by IRS computers.

Once penalties are inflicted, should you not whine, the Internal Revenue Service assumes you recognize them. Fortunately, the IRS can confiscate a fee just as simple as it included one. The key to the domain of the tax penalty relief is revealing a sensible reason for your letdown to mind with tax law.

The amount of tax code fines that are distinct is staggering. Here are some of the penalties that IRS will tack on to the debts of people who’ve not filed their back tax debts.

Incorrectness:

The IRS will impose a 20 % fee on you if you drastically minimized your taxes or were negligent. This precision-linked fine is implemented the IRS learns it and also when you are unable to establish a tax write-off in a review, or you didn’t submit all of your income.

Civil deceit:

A fee 75% could be attached, if the IRS finds that you were not reported your income with a deceptive aim.

Delayed Payment:

Usually, the Internal Revenue Service will add a penalty from 0.25 % to 1% for each month to an income tax statement, which is not paid punctually. This late payment fine is tacked on by the IRS computer whenever you file a tax return devoid of paying the outstanding balance, or when you make a delayed payment. Fines for failing to make payroll tax deposits are substantially elevated.

Not Filing on time:

The IRS can fine you an extra 5% per month on any outstanding balance, if you didn’t file your return on time. However, this punishment might be used only for the first five months after the due date of the return, equivalent to a 25% higher charge. When there’s no outstanding balance, the IRS can still impose lesser penalties.

Once you know how as well as the motive the IRS hit you with fines, you may need that they be abridged or eliminated. The IRS name for this process is known as an abatement. About one-third of all tax penalties are ultimately abated, and it will be more if you understand the approaches to contest them.

Simply informing the IRS that you cannot afford to compensate it, or do not enjoy a penalty, will not work. You need to show practical cause, which means a supplication that is good. As stated by the IRS, any sound cause advanced as the reason for postponement by a taxpayer in filing a return, making deposits, when owed will be cautiously analyzed, or paying tax.

Methods to request for an IRS penalty and interest abatement

Submit your request for abatement in writing, following a filled up form once you get a tax notice with tax penalties, but be brief and clear-cut.

Enclose the following documents with your written request.

Letter from a registered medical practitioner, describing your condition that prevented you from filing your tax return on time.

Death certificate substantiating the bereavement of your blood or close relations.

A detailed report from the fire division if your property is damaged as a result of fire.

What to Do Now

There are some simple and effective ways to get your tax fines or interest condensed or even removed entirely, when you have been imposed fees by the IRS. We’ve been in the business for years and we are devoted to offer our customers a professional IRS fee and interest abatement service legitimately. Contact us today to solve your tax problems all and the associated fees levied on you or on your Lincolnbusiness by the IRS.

Once the IRS hit on you or your firm with a tax bill, it generally appends penalties and interest costs. These additional costs may be awful such that an old tax bill could have double in penalties and interest pinned onto it. Some fees, like late payments, they can be included automatically by IRS computers.

Once penalties are inflicted, should you not whine, the Internal Revenue Service assumes you recognize them. Fortunately, the IRS can confiscate a fee just as simple as it included one. The key to the domain of the tax penalty relief is revealing a sensible reason for your letdown to mind with tax law.

The amount of tax code fines that are distinct is staggering. Here are some of the penalties that IRS will tack on to the debts of people who've not filed their back tax debts.

Incorrectness:

The IRS will impose a 20 % fee on you if you drastically minimized your taxes or were negligent. This precision-linked fine is implemented the IRS learns it and also when you are unable to establish a tax write-off in a review, or you didn't submit all of your income.

Civil deceit:

A fee 75% could be attached, if the IRS finds that you were not reported your income with a deceptive aim.

Delayed Payment:

Usually, the Internal Revenue Service will add a penalty from 0.25 % to 1% for each month to an income tax statement, which is not paid punctually. This late payment fine is tacked on by the IRS computer whenever you file a tax return devoid of paying the outstanding balance, or when you make a delayed payment. Fines for failing to make payroll tax deposits are substantially elevated.

Not Filing on time:

The IRS can fine you an extra 5% per month on any outstanding balance, if you didn't file your return on time. However, this punishment might be used only for the first five months after the due date of the return, equivalent to a 25% higher charge. When there's no outstanding balance, the IRS can still impose lesser penalties.

Once you know how as well as the motive the IRS hit you with fines, you may need that they be abridged or eliminated. The IRS name for this process is known as an abatement. About one-third of all tax penalties are ultimately abated, and it will be more if you understand the approaches to contest them.

Simply informing the IRS that you cannot afford to compensate it, or do not enjoy a penalty, will not work. You need to show practical cause, which means a supplication that is good. As stated by the IRS, any sound cause advanced as the reason for postponement by a taxpayer in filing a return, making deposits, when owed will be cautiously analyzed, or paying tax.

Methods to request for an IRS penalty and interest abatement

Submit your request for abatement in writing, following a filled up form once you get a tax notice with tax penalties, but be brief and clear-cut.

Enclose the following documents with your written request.

Letter from a registered medical practitioner, describing your condition that prevented you from filing your tax return on time.

Death certificate substantiating the bereavement of your blood or close relations.

A detailed report from the fire division if your property is damaged as a result of fire.

What to Do Now

There are some simple and effective ways to get your tax fines or interest condensed or even removed entirely, when you have been imposed fees by the IRS. We've been in the business for years and we are devoted to offer our customers a professional IRS fee and interest abatement service legitimately. Contact us today to solve your tax problems all and the associated fees levied on you or on your Lincolnbusiness by the IRS.

The IRS Installment Agreement is a means for taxpayers in Lincoln when they cannot pay it in full with their tax return to pay their tax debt. This arrangement allows for monthly payments to be made. As long as their tax debt is paid by the citizen in full under this particular Arrangement, they avoid the payment of the fee that is connected with creating the Deal and can reduce or eliminate the payment of interest and fees. Creating an IRS Installment Agreement requires that all required tax returns have been filed prior to applying for the Understanding. The taxpayer cannot have some unreported income. If more than $50,00 in tax debts are owed, then the citizen may apply for a longer period to pay the debt.

Good Things about an Payment Plan

The agreement will result in a few important advantages for the citizen. While an agreement is in effect, enforced set activity will not be taken. Life will be free of IRS letters and notices. When the taxpayer can count on paying a set payment every month rather than having to be concerned about getting lump sum amounts on the tax debt, there’ll be more financial independence. The citizen will eliminate interest and ongoing IRS penalties. The Internal Revenue Service will help in the event the taxpayer defaults on a payment providing the IRS is notified immediately, the taxpayer keep the arrangement in force.

Obligations of the Installment Plan

Some obligations have the Installment Agreement. The minimum payment should be made when due. The income of the incomes of joint citizens or an individual citizen must be disclosed when applying for an Installment Agreement. In some instances, a financial statement must be provided. All future returns have to be filed when due and all of the taxes have to be paid when due. Taxpayers paying their tax debt under an Installment Agreement may be required to authorize direct debit of their checking account. This way of making monthly payments enable the citizen to request the lien notice be removed. In the event the taxpayer defaults on the Installment Agreement, but, the lien may be reinstated.

An Installment Agreement can be negotiated by the taxpayer with the Internal Revenue Service. However, particular advice should be provided and any information might be subject to verification. For taxpayers owing more than $50,000, a financial statement will be required.

How to Prepare to Apply for an Installment Agreement

There are several precautions that should be considered while taxpayers can make an application for an IRS Installment Agreement. Although the IRS attempts to make applying for an Installment Agreement a relatively simple process, there are some circumstance which can make this a challenging job. Since an Installment Agreement can eliminate many problems with the Internal Revenue Service, it is essential to get it right the first time the application is made.

We’re the BBB A+ rated law firm serving all of Lincoln and Nebraska, which could provide expert support to you. Our many years of experience working on behalf of taxpayers who have problems paying their tax debt with the Internal Revenue Service qualifies us to ensure approval of your application for an Installment Agreement.

Un-Filed tax returns can add up to mean thousands in interest charges and additional fees over time, so act now to avoid paying more.

Have you forgotten to file your back tax returns for a number of years? We can help.

The W-2S and 1099 forms for each tax year are necessary when filing your tax returns that are back, you receive. In the event you’re eligible to credits and deductions; you will need to gather any other supporting document that can prove your eligibility to the claim.

For those who have any lost tax record particularly within the past 10 years, then you should request a copy from IRS by simply filing form 4506-T. Form 4506-T is the tax return transcript. Nonetheless, you must not expect to get a duplicate of the initial file. IRS will provide you with a transcript including the info you are required to file your tax returns. The IRS may take up to 45 days to process this request.

In addition, you should file your back tax returns on the initial forms for that tax year. Start by searching the IRS website for them. Double check to make sure that you’re using the instructions linked to the exact same tax year you’re filling returns for once you have gathered all the applicable documents. Tax laws are always changing and using the wrong instructions may require you to start the filing procedure once again. Eventually, they need to submit all the forms to the IRS through the address given.

What to Do With Un-Paid Tax Returns

As you can if you have any additional income tax for the previous years, you need to include as much payment. This way you’ll reduce interest costs accumulation. Unlike the tax fees which stop once they’re at the maximum, to collect, the monthly interests continue to accumulate until the tax has been paid by you. They will send you a notice of the exact amount you should pay as a fee and interest rate after the IRS has received your tax returns.

You will need to work together with the Internal Revenue Service in the event you are not able to pay your tax returns in full. However, you should note the past due debts and back taxes, can decrease your federal tax refund. Treasury offset program may use any state or national debt that is outstanding to settle.

You ought to know that the Department of Treasury’s of the Fiscal Service, the Bureau of the Financial service or just BFS – runs the plan that is counterbalance from the treasury. It may use part or your full tax refund to pay some debts which include unemployment compensation debts, student loans that are delinquent, and parent support. You might have the right to part or the entire cancel, for those who have filed tax returns jointly with your spouse.

But if you owe any shared duty payment, IRS can offset the liability against tax refund due to you personally.

What You Should Do If You Have Neglected to File

When you have not filed your back tax returns for several years, you can consult with our BBB A+ rated Lincoln tax law business for help.|} Our crew of specialists in Nebraska is always prepared to assist you solve your issues and in addition they are constantly prepared to answer your questions.

An experienced law firm is your best shot of eventually being free of back tax debts in Nebraska

Have you ever been struggling with your back tax debts for a number of years, and are eventually fed up with dealing with the IRS by yourself?

Have they began sending letters and notices to your home or business, demanding you pay extra penalties and interest charges for the sum you owe?

If so is hire a tax law business that is reputable and experienced to be by your side each step of the way. The great news is, our Lincoln firm is the perfect candidate for the job, with an A+ business rating with all the BBB, thousands of happy clients all around the country (notably in lovely Nebraska), and our own team of tax attorneys, CPAs and federally enrolled agents, all ready to work on your own case today.

The IRS is the biggest collection agency in the world, with thousands of revenue officers and billions of dollars set aside to pursue great, hard working individuals like you for the money you owe. The single thing they care about is getting the money they’re owed. You should not have to confront them by yourself. We do not get intimidated about like ordinary citizens can use our private contacts to negotiate the settlement that you need, and do.

Using seasoned Lincoln legal counsel on your tax problems is like having a specialist plumber come and fix your massively leaking water main.

Do your family, yourself and your future a and let our Lincoln law firm help you with your back tax problems at once. Our team of specialists is standing by, ready to help you!

Sadly the Nebraska tax help industry is full of tricks and scams, and therefore you must find out the best way to prevent them.

Many people are law abiding Lincoln citizens and they fear the dangers of IRS actions. Seeing this as a good chance, a lot of tax resolution businesses out there set out like vultures circling on these diminished preys. These companies lure innocent individuals into their scams and commit even and consumer fraud theft! Therefore, care should be exercised by you when you are attempting to find a tax resolution firm for yourself.

What Scammy Companies can do

Not all Nebraska tax relief companies who guarantee to negotiate together with the IRS for you’re trustworthy. Because there are so many fraudulent companies out there, thus, averting IRS tax aid scams is extremely important. It is likely to prevent being taken advantage of, all you need to do to follow a few useful hints and would be to educate yourself in this respect! First things first, never pay in full upfront, irrespective of whether the tax resolution company blatantly asks for it in an obscure manner at some point of time or in the beginning. A tax resolution firm that is authentic will constantly folow a mutually acceptable financial arrangement wherein the payments could be made on a weekly, biweekly or monthly basis.

Second, it’s advisable to be somewhat careful when you’re picking a special tax resolution firm to work with. Chances are the business is deceptive should they guarantee you the desired outcomes or state that you simply qualify for any IRS plan without even going through a complete fiscal analysis of your present scenario then. Consequently, don’t fall for their sugar-coated promises and hunt for other authentic businesses instead.

How to research a firm

The internet is a storehouse of info, but you should be careful about using such advice. Do not just hire any random firm with promotional campaigns or great advertisements for handling your tax related issues. Thus, doing your assignments and investing time in research is definitely a sensible move here.

A website that has an excellent rating on BBB is definitely one that you can place your trust in. We’re a BBB A+ rated Lincoln company, we help individuals by alleviating their IRS back tax debts. Our tax solutions are sensible, we don’t only negotiate with the IRS on your behalf, but instead produce a practical strategy first to be able to make sure that all your tax debts are eliminated. We do all the hard work for you while you concentrate on other important facets of your life. Due to our vast experience and expertise in the area, you can rest assured your tax problems would be resolved immediately and efficiently when you turn for help to us.

Live in Lincoln? You Could Qualify for an Offer in Compromise Agreement and Save Up to 95%

Solving business tax problems fast in Lincoln - our experts have seen all of the issues before

Our Lincoln Team is Ready to Help You Remove Liens and Levies Fast

Ready to Keep All of Your Lincoln Wages? Our NE Team Can Remove Garnishments Fast.

Our Lincoln Firm Can Help You Finally Stop the Notices and Letters from Coming

Our Lincoln, NE team of accountants, agents and lawyers stop the IRS in their tracks.

Does Tax Debt Go On Your Credit Report?

Owing the IRS your credit report does not automatically change. But how you choose to pay your taxes does, and your credit may be impacted by outstanding taxes too. (It's in exactly the same group as a repossession or court judgments in Nebraska.) State and local taxing authorities may file tax liens. It may restrict your ability to get credit once the IRS files a Notice of a Federal Tax Lien against you. And even though you file for bankruptcy, your tax debt and lien may continue.

Can Tax Debt Be Reduced?

Yes, your tax debt could be reduced. There are several approaches to reduce one's IRS tax debt. For example, using assistance from a CPA or a tax attorney in Nebraska to assist in analyzing the taxpayer's situation and coming up with the best game plan to decrease the individual's Internal Revenue Service (IRS) tax debt is a good starting point. These tax professionals can give sound advice on how to lower your tax debt and they're more equipped with the knowledge on how best to manage the Internal Revenue Service. If a taxpayer really has severe back tax debts, then a Lincoln tax professional can deal with the figures and produce the best solution to remove the tax debt.

How Long Can IRS Collect on Tax Debt?

As a rule of thumb, there is a ten year statute of limitations on IRS collections. This implies the IRS can attempt to collect your unpaid taxes from the date they were determined for up to ten years. Subject to some exceptions that are significant, once the ten years are up, the Internal Revenue Service has to cease its collection attempts. Every year, the statute of limitations expires for tens of thousands of taxpayers who owe the Internal Revenue Service money. In case your Collection Statute Expiration Date (CSED) is near, the IRS or state of Nebraska may act aggressively to get you to pay as much as really possible before the deadline or agree to extend it.

What Tax Debt is Dischargeable?

Most unsecured consumer debts like utility bills, medical bills, back rent, personal loans, government benefit overpayments, and charge card fees are dischargeable in Chapter 7 bankruptcy. There is an exception to clear in the event the cash, Nebraska property, or services was obtained under false pretenses. The false pretense must have been made in writing to the lender as well as the misrepresentation must have been material, which suggests the rendering was such that the creditor would not have offered credit had the true facts been known. Moreover, cash rulings are almost always dischargeable, with a few exceptions.

Do Tax Lawyers Really Work?

Yes, Tax Attorneys do work. They possess the expertise to formulate a certain plan of action for your case and follow it for implementation in Nebraska. Tax attorneys are skilled, licensed and experienced to deal with the technicalities involved in the tax resolution and settlement procedure. In case you are in trouble with all the IRS just an attorney may give you the attorney-client privilege. Just a Tax attorney will have the experience in reaching tax settlements. While a CPA may be familiar with some tax resolution plans, they'll not get a complete grasp of the ins and outs of the many programs in Lincoln.

How Do You Get an Offer in Compromise?

You'll locate step-by-step directions and all the forms for submitting an offer in the Offer in Compromise Pamphlet, Form 656-B. Your completed offer package will include: Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all necessary documentation as specified on the forms; Form 656(s) - individual and business tax debt (Corporation/ LLC/ Partnership in Nebraska) have to be submitted on different Form 656; $186 application fee (non-refundable); and Initial payment (non-refundable) for each Form 656. Pick a payment alternative. Your first payment will change predicated on your own offer and also the payment option you pick.

Should I Sign the Power of Attorney Form when Hiring a Tax Lawyer?

When hiring a tax lawyer, it is advisable that you sign the power of attorney form. The main reason for this is because if you sign a power of attorney, your attorney has the capacity to speak with the IRS so that you do not have to. This could go a long way in reducing some of the pressure that's been put on you. The final thing you desire is to end up in prison in Lincoln and/or be slapped with large fines. While you may not be able to prevent all difficulty, your tax lawyer can help lower your penalty.

How Do I Negotiate Sales Tax Debt with the IRS?

By first contacting the IRS, you can negotiate sales Tax Debt. The IRS will probably have contacted you by mail, to accumulate the full amount you owe. Call that person, and make sure you have all of your tax records as well as their correspondence ready. Request an Offer in Compromise. The IRS representative will help you determine if you are qualified for an Offer in Compromise, which will settle your tax debt for less than what you owe.

How to Reduce Tax Debt to the IRS?

There are several methods to reduce one's IRS tax debt. First, using the aid of a CPA or a tax attorney in Lincoln to assist in examining the taxpayer's situation and coming up with the best game plan to decrease the person 's Internal Revenue Service (IRS) tax debt is a great starting point. These tax professionals can give sound guidance on the best way to lower your tax debt and they're equipped with the knowledge on how best to take care of the IRS. If a taxpayer indeed has serious back tax debts, then the amounts can be dealt with by a tax professional and produce the very best remedy to get rid of the tax debt in Nebraska.

Where Do I Send my Offer in Compromise Payments?

There are just two alternatives for where to mail the OIC: either Memphis, TN or Holtsville, NY. As you live in Lincoln, Nebraska, you'd send your offer to Holtsville. Pay the full sum of the Offer in Compromise over the remaining life on the set statute of limitations. You may set a lump sum payment due within 90 days, and then monthly installment payments for the rest of the collection interval. The normal collection statute of limitations is 10 years (or 120 months), from the date a tax liability was finalized. This 10-year interval might have been expanded or suspended by various activities taken by the IRS or by the citizen.

Ready to finally have relief?

We Will Never Sell Your Information: We hate spam as much as you do. That is why we promise never to sell, release or give away your information. Your call will be handled directly by our in-house team of tax experts who are all native English speakers right here in the USA.

More About Our Firm

Has the IRS started sending threatening letters your home or business? Have they placed a wage garnishment, bank levy or tax lien on your property or income? The IRS is the largest collection agency in the world, and will stop at nothing to get the back tax debt that you owe them. We can negotiate on your behalf, and save you a ton of money by getting you into the programs that you can afford (such as an offer in compromise, installment agreement or penalty abatement programs), to finally get you back on track towards financial freedom. Give our expert tax law firm a call today to learn how our team of CPAs and lawyers can help you right now.